Reported 4 months ago
Brazilian analysts have increased their forecasts for interest rates and inflation in Brazil, with expectations of the Selic benchmark reaching 10.25% by December and inflation remaining above the 3% target through 2026. This economic outlook indicates challenges for Latin America's largest economy, despite central bank efforts to meet inflation targets. Analysts are wary of the bank's commitment to these targets following a split vote on rates last month, with concerns about potential changes in board leadership affecting investor confidence.
Source: YAHOO